COVID-19 Restrictions Fund
For businesses required to close by the new regulations. The grant levels have now been increased to:
Business Hardship Fund
For businesses that remain open but are still significantly impacted by the restrictions. The grant levels have now been increased to:
Some more detail was also released on the new support fund to support businesses required to close by the new regulations, who have had to re-furlough staff. At present, employers are now liable to contribute 20% of salary costs for furloughed workers. Therefore, a grant of £1,650 will be available to these businesses to the period up to and including 31 October. Local authorities will be responsible for administering these grants.
It should be noted that the new Job Support Scheme, due to kick in from 1st November, has also been expanded to support businesses forced to close by law. Main points being:
As yet, there is still no further detail on the £11m Contingency fund setup to help businesses that need support but don’t fall into the above categories, ie. Soft play centres, etc. Once again, this will take the form of one-off grants from the Local authorities, but nothing has been released on grant levels or eligibility criteria. As soon as we find out more we will keep you updated.
For more information on any of the above please do not hesitate to contact our team – always here to help and advise.